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You just purchased a 10-year maturity, semiannual coupon bond for $1,148.77. The bond has a face value of $1,000, a coupon rate of 8%, and
You just purchased a 10-year maturity, semiannual coupon bond for $1,148.77. The bond has a face value of $1,000, a coupon rate of 8%, and a yield to maturity of 6%. The bond is callable in four years at $1,080. What is the yield to call?
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